Align Technology (ALGN) FY2025 10-K Annual Report
Align Technology (ALGN) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 27, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Align Technology FY2025 10-K Analysis
Business Overview
- • Global med-device co: design/manufacture/market Invisalign clear aligners (~80% revenue), iTero scanners, and exocad CAD/CAM software via integrated Align Digital Platform
- • 2025 new launches: iTero Lumina Pro with NIRI technology (March), Align X-ray Insights AI-based caries detection in EU/UK (March), Invisalign MAOB for Class II teen patients (December)
Management Discussion & Analysis
- • Revenue $4,035M, up 0.9% YoY ($+$36M); Clear Aligner +0.5% to $3,245M, Systems & Services +2.7% to $790M
- • Gross margin 67.2% vs 70.0%; operating margin 13.5% vs 15.2%; Clear Aligner margin 31.9% vs 35.4%; Systems & Services margin 38.8% vs 35.0%
Risk Factors
- • Section 232 investigation by U.S. Dept of Commerce into PPE/medical device imports directly threatens Align's Mexico-manufactured clear aligners shipped to U.S.
- • iTero HQ in Israel near Hamas conflict zone; Mexico manufacturing exposed to drug cartel/gang activity disrupting production and logistics
Align Technology FY2025 Key Financial MetricsXBRL
Revenue
$4.0B
▲ +0.9% YoY
Net Income
$410M
▼ -2.6% YoY
Gross Margin
67.2%
▼ -281bp YoY
Operating Margin
13.5%
▼ -167bp YoY
Net Margin
10.2%
▼ -37bp YoY
ROE
10.1%
▼ -80bp YoY
Total Assets
$6.2B
▲ +0.3% YoY
EPS (Diluted)
$5.65
▲ +0.5% YoY
Operating Cash Flow
$593M
▼ -19.6% YoY
Source: XBRL data from Align Technology FY2025 10-K filing on SEC EDGAR. All figures in USD.
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